Everyone says $SUI is getting dumped. The volume says nobody showed up.
Worst major on the board, -8.7% today, so the selling must be brutal. Run each coin against its own 30-day average turnover: BTC prints +73% above its norm, $XRP +18%. $SUI sits at +7%. $NEAR runs 38% below its own norm. Week's biggest flush, and the board's top loser is trading a holiday tape.
A dump leaves a trace: volume. This one didn't. Percent damage without participation is not a seller strike - it is a buyer no-show. Thin books fall far and quietly.
My read: waiting. NFP lands tonight and reprices every book here. I flip bearish the moment SUI's turnover runs 2x its 30-day norm while the slide continues. That would be a real dump, not an empty one.
Percent damage is not selling pressure. Volume effort is.
Data as of today. Not financial advice.
After the print: does the thinnest book snap back first, or keep bleeding?
#Sui #Crypto #BinanceSquare #USOctoberNFP-AreRateCutsStillPossible
Worst major on the board, -8.7% today, so the selling must be brutal. Run each coin against its own 30-day average turnover: BTC prints +73% above its norm, $XRP +18%. $SUI sits at +7%. $NEAR runs 38% below its own norm. Week's biggest flush, and the board's top loser is trading a holiday tape.
A dump leaves a trace: volume. This one didn't. Percent damage without participation is not a seller strike - it is a buyer no-show. Thin books fall far and quietly.
My read: waiting. NFP lands tonight and reprices every book here. I flip bearish the moment SUI's turnover runs 2x its 30-day norm while the slide continues. That would be a real dump, not an empty one.
Percent damage is not selling pressure. Volume effort is.
Data as of today. Not financial advice.
After the print: does the thinnest book snap back first, or keep bleeding?
#Sui #Crypto #BinanceSquare #USOctoberNFP-AreRateCutsStillPossible
